Buy Grasim for this week with a SL of 688 and an initial target of 730
One can buy Jain Irrigation for this week with a stop below 48 as it is likely to breach 58 on the upside.
Kaveri seeds seem to be turning around as indicated by daily indicators giving a prospective targets of 480. One might take a leap right now with a SL below 365 and targets of 448/467 in the short term. Avoid taking heavy trades. Nibble!
Buy LT on a dip with SL of 1264 and targetes of 1294/1305
Buy TVS Motors on a dip with SL of 453 and targets of 485/490.
Buy Torntpharma on dips with SL of 1741 and target of 1789.
Buy Page Industries on a dip for target of 22600 and sl below 20250. Buy on a dip for a better R-R. Start with a small quantity and add slowly if it goes down keeping the SL in mind and hence adjusting your volume accordingly.
One cay buy Raymond on dips with targets of 750/770. SL to be placed around 673. Buy on dips for a better R-R
One may sell suntv on rise with a SL at 599.3 and targets of 580/574. Adjust volumes as per entry price. Do not want to go with heavy volumes near a low R-R zone.
Axis Bank looks weak on the weekly charts post confirmation from RSI and a converging MACD. It could move towards 669/ 650 in the near term with SL of 721. One may sell on rise for a better risk- reward Or take low volume trade. Note : Should make a low below 681 in the coming week.
SBIN on a daily chart is showing a convergence in MACD, a rising RSI from over bought regions and hence a move towards 272 and 277 might be on the cards. SL to be placed at 258.
One can buy Titan on dips with a SL of 1030 and a target of 1046/1051 for a better R-R-R
One may buy Hero Moto on dip with a SL of 2574 and targets of 2668/2700/2723 in the short term.
Sell NSE:SRTRANSFIN on rise with a SL of 1069 and target of 1047.
Buy Idbi Bank on dip with SL of 41.7 and target of 47.
Siemens could be near its low but a looks like there would be a further dip before which it forms a base and reverses. So one should just watch and trade only post a confirmation. RSI is nearing an oversold region.
With the price action seen in Nifty today there is a high probability that 10800 which is 25 DEMA will be scaled in the days to come. On a dip with a SL of the swing low of present move one may go long on a dip for levels of 10800 and above.
On the back of strength shown by UPL today one can go long on dips with a SL of 805 and potential targets of 831/842.